a$)$ Q$1$: Examine the data in the Table below and determine the lifetime costs of this hybrid vehicle.

$\backslash$table$[[$Vehicle purchase cost,$17,000$ euro$],[$Vehicle operating cost per mile,$0\mathrm{.}12$ euro$],[$Useful life of vehicle,$15],[$miles per year,$14,000],[$miles per gallon,$32],[$Average fuel price per gallon,$3\mathrm{.}75]]$

b$)$ As logistics manager, you're considering the following alternative vehicle for your fleet. What are its lifetime costs in comparison with the hybrid vehicle?

$\backslash$table$[[$Vehicle purchase cost,$19,000$ euro$],[$Vehicle operating cost per mile,$0\mathrm{.}09$ euro$],[$Useful life of vehicle,$15],[$miles per year,$14,000],[$miles per gallon,$35],[$Average fuel price per gallon,$3\mathrm{.}75]]$

c$)$ Calculate the indifference point between the two vehicle designs and the expected age of the vehicles at this point.

d$)$ Which car should you choose if you intend to own it for longer than this time?